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Walgreens | Clinton, MA 720 Main St

14,550 SF Retail Building Clinton, MA 01510 $8,035,000 ($552/SF) 7.35% Cap Rate

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Investment Highlights

CORPORATE GUARANTEE FROM WALGREENS
EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE
ACROSS FROM GROCERY-ANCHORED CENTER | Directly across the street from a grocery-anchored shopping center that features Hannaford Supermarket.

LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE
UMASS MEMORIAL HEALTH | Located just a half mile from the subject property.
GREATER BOSTON MSA | Like Greater Boston, Clinton is projected for positive population growth over the next 5 years.

Executive Summary

PRICING: $8,035,000
CAP RATE: 7.35%
NOI: $590,500
LEASE TERM: 9.5+ YEARS
GUARANTEE: CORPORATE

Property Facts

Sale Type

Investment NNN

Sale Conditions

Build to Suit

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,550 SF

Building Class

Year Built

2008

Price

$8,035,000

Price Per SF

$552

Cap Rate

7.35%

NOI

$590,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Land Acres

1.49 AC

Opportunity Zone

Yes

Parking

66 Spaces (4.54 Spaces per 1,000 SF Leased)

Amenities

Corner Lot

Signage

Drive Thru

Wheelchair Accessible

Retailer
99,999 SF
$9.99
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.